Lesaka Technologies, Inc. (NASDAQ:LSAK) Sees Significant Decrease in Short Interest

Lesaka Technologies, Inc. (NASDAQ:LSAK) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 54,300 shares, a decline of 26.2% from the October 31st total of 73,600 shares. Based on an average trading volume of 33,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the company’s shares are short sold.

Lesaka Technologies Trading Down 0.6 %

LSAK traded down $0.03 during trading on Friday, reaching $5.40. 11,653 shares of the company’s stock were exchanged, compared to its average volume of 26,660. The firm has a fifty day moving average price of $5.15 and a two-hundred day moving average price of $4.88. The company has a current ratio of 1.73, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. Lesaka Technologies has a one year low of $3.00 and a one year high of $5.60. The stock has a market capitalization of $421.30 million, a PE ratio of -21.72 and a beta of 0.93.

Lesaka Technologies (NASDAQ:LSAK) last posted its quarterly earnings data on Wednesday, September 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Lesaka Technologies had a negative net margin of 2.85% and a negative return on equity of 9.15%. The firm had revenue of $146.05 million during the quarter, compared to the consensus estimate of $149.30 million. During the same period in the prior year, the company posted ($0.19) earnings per share. As a group, equities research analysts forecast that Lesaka Technologies will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LSAK. Russell Investments Group Ltd. lifted its position in shares of Lesaka Technologies by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock valued at $326,000 after acquiring an additional 3,137 shares during the period. Renaissance Technologies LLC raised its holdings in Lesaka Technologies by 8.8% during the second quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock worth $852,000 after buying an additional 14,700 shares during the last quarter. Rathbones Group PLC raised its holdings in Lesaka Technologies by 100.0% during the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock worth $5,955,000 after buying an additional 636,166 shares during the last quarter. Finally, Hosking Partners LLP raised its holdings in Lesaka Technologies by 58.8% during the second quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after buying an additional 965,576 shares during the last quarter. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.